Core Platform Requirements

Tech Stack

Partner: a business that uses Karat to issue white-label credit cards to their end users. This user is responsible for sourcing qualified applicants, maybe taking a few payments, customer service, and underwriting
Servicing Team: an extension of Karat that handles disputes, compliance, account monitoring, and customer service. They are able to freeze accounts, order new cards, and even close accounts
Master Admin: Has control over all data, and accounts (including partner and servicing), and has monitoring access to every action performed.
Cardholders: These are the end users applying for credit from one of our partners. They are responsible for completing applications, making on-time payments, and linking their bank account for underwriting.

At the end of it's development cycle, Karat OS will need to have the following features and functionality in order to be considered complete:

Platform Builder: A "Webflow-like" platform builder that makes building fintech portals as easy as creating a website on Webflow.
Branded URL credit/banking application: A customizable credit intake form branded with our users domain and hosted on a secure server. Aside from taking applications, this tool is able to detect fraud, link bank accounts, and perform KYC out of the box.
CRM: The backbone and the heart of Karat, it's partners and servicing team, the CRM stores all collected data, displays metrics including residuals, accepts payments, manages accounts, issues cards, and more to name a few.

Note to self: Contract a branding professional to assist with better product names

Last updated 2 years ago

Partner: a business that uses Karat to issue white-label credit cards to their end users. This user is responsible for sourcing qualified applicants, maybe taking a few payments, customer service, and underwriting
Servicing Team: an extension of Karat that handles disputes, compliance, account monitoring, and customer service. They are able to freeze accounts, order new cards, and even close accounts
Master Admin: Has control over all data, and accounts (including partner and servicing), and has monitoring access to every action performed.
Cardholders: These are the end users applying for credit from one of our partners. They are responsible for completing applications, making on-time payments, and linking their bank account for underwriting.

At the end of it's development cycle, Karat OS will need to have the following features and functionality in order to be considered complete:

Platform Builder: A "Webflow-like" platform builder that makes building fintech portals as easy as creating a website on Webflow.
Branded URL credit/banking application: A customizable credit intake form branded with our users domain and hosted on a secure server. Aside from taking applications, this tool is able to detect fraud, link bank accounts, and perform KYC out of the box.
CRM: The backbone and the heart of Karat, it's partners and servicing team, the CRM stores all collected data, displays metrics including residuals, accepts payments, manages accounts, issues cards, and more to name a few.

Note to self: Contract a branding professional to assist with better product names

Last updated 2 years ago